Government intervenes to save British Steel

The UK Government has assumed control of British Steel, invoking newly passed emergency legislation to keep the Scunthorpe-based plant operational. This move, approved by Parliament in a rare Saturday session, highlights the Government’s determination to preserve...

UK hiring slows as rising costs weigh on employers

The UK jobs market has shown signs of weakening, as newly released data indicates a decline in job vacancies and overall payroll numbers. According to the Office for National Statistics (ONS), job openings have fallen to their lowest level in nearly four years, at...

Business confidence hits two-year low

According to a new survey from the Institute of Chartered Accountants in England and Wales (ICAEW), business confidence in the UK has dropped to its lowest level over two years. The industry body found that rising tax concerns, persistent cost pressures, and weakening...

Job vacancies fall as hiring demand slows

Job vacancies in the UK have dropped to their lowest level in almost four years, according to the latest figures from the Office for National Statistics (ONS). The number of openings fell to 781,000 in the first quarter of 2025, suggesting that employer demand for...

UK economy grew 0.5% in February

The UK economy grew by 0.5% in February, according to the Office for National Statistics (ONS) – a much stronger result than the 0.1% growth predicted by City economists. January’s figure was originally reported as a 0.1% decline but was also revised to flat growth....